Driven by a rapid increase in age-related ophthalmic disorders, rise in disposable income in emerging economies, and growing awareness regarding medical aesthetics, the global medical laser systems market is projected to register a 12.50% CAGR from 2012 to 2018, according to Transparency Market Research. The report studying the global market for medical laser systems is titled “Medical Laser Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018,” and indicates that the market will grow from a value of US$0.9 bn in 2011 to US$2 Bn by 2018.
Lasers emit a high-intensity beam composed of coherent monochromatic light with a stimulated emission of electromagnetic radiation. The term "laser," in fact, is an acronym for “light amplification by stimulated emission of radiation.” These devices are primarily used for cutting, drilling, aligning, and guiding in several treatment procedures. The lasers used in the medical industry for surgical procedures and diagnosis are known as medical laser systems. Various types of medical laser systems are used in cosmetic surgeries, refractive eye surgeries, dental procedures, and general surgeries. Some of the best-known benefits of laser systems are reduced blood loss, minimal postoperative discomfort, reduced chances of wound infection, and better wound healing.
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The global medical laser systems market is segmented on the basis of product, application, and geography. The products in this market are diode laser systems, solid state laser systems, gas laser system, and dry laser systems. The application of these products is seen in areas such as dermatology, ophthalmology, gynecology, urology, dentistry, cardiovascular, and others such as gastroenterology, rheumatology, and traumatology. Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World.
Out of all the applications, the cardiovascular segment is expected to grow at a fast pace through 2018 due to the increasing introduction of cost-effective treatments and growing cases of cardiovascular diseases across the globe. Geographically, North America leads the global medical laser systems market with a 35.0% share in the market. The market in North America is being driven by the high prevalence of chronic disorders such as diabetes and obesity.
Some of the important players studied in the global medical laser systems market report are AngioDynamics, Spectranetics Corporation, PhotoMedex, Lumenis, BIOLASE, Syneron Candela, and American Medical Systems. The research report offers a comprehensive explanation of the competitive landscape of the global medical laser system market and the impact of the regulatory framework. The medical laser systems market has also been studied from the political, economic, social, technological, legal, and environmental point of view. Additionally, the report also mentions the financial overview, research and development activities, business and marketing strategies, and investment outlook of the key players in the market.
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